Dear Raven Protocol and Binance Community,
We are excited to announce that will be launching on Chain. This is a RAVEN generation event. The launch is happening soon. We are ready to take flight 🚀
If you want to stay updated on the launch, please let us know here:
You might be thinking.. why Binance Chain?
To be upfront, when we first heard about, we were a bit skeptical. CZ and team gave a demo that was done all via command line. Why would anyone use that over .com exchange? We never thought anything of it again until the Chain launch announcement this April.
1. Great execution by the Binance team
We have a lot of confidence in the execution of the team and where technology is headed. Eight short months after watching the first command line demo, they launched Chain and DEX on Mainnet in April 2019. That development was incredibly fast. Throughout the bear market, they executed flawlessly.
2. Easy for users to understand and use Binance DEX
It literally took just a few minutes to create a new , send BNB to it from .com, and buy some Mithril (the very first project to migrate to Chain and be listed on the DEX).
Our minds were blown by the ease of use. The majority of DEXs out there today have a bad UI, are confusing to use, and are super slow. That was not the case with DEX. It was intuitive. It felt just like we were using .com. And the transactions happened almost instantly (well I guess it’s one-second block times).
3. Easy to familiarize yourself with the chain
If you wanted to launch a on , you would need to learn Solidity to code smart contracts. It can be confusing. It can be time-consuming. It can introduce security risks.
Issuing a on Chain is straight forward. Their documentation is really good. They have CLI tools to help you go from issuing a all the way to listing it. has created a way for any project to launch a with minimal effort. It’s plug and play.
“We like this ethos. At Raven Protocol, we want to enable every single developer in the world to easily plug AI/ML into their applications. ’s pursuit for easy-to-use applications is in perfect alignment with Raven Protocol’s philosophy.”
— Sherman Lee, co-founder of Raven Protocol
The Binance exchange hack makes us want to support Binance Chain and Binance DEX even more
Centralized exchanges are important for sure, but users should be given the option to trade where they want. The benefit of a DEX is that users have full custody and control of their funds. They don’t need to send it to a centralized exchange which may be hacked.
We believe the DEX has the strongest chance of becoming the primary default exchange of choice for anyone looking to trade. We are excited to join hands with the team. When CZ and the team set their mind to something, they execute until it succeeds.
We believe the centralized exchange will remain a significant platform for crypto users, but it still can be vulnerable to attack vectors. Hackers are smart and greedy. They will continuously try to exploit things.
Thus, Raven Protocol will support and grant RAVEN to anyone who will build security and monitoring tools for the exchange. Hint: Using AI/ML to study user behavior and patterns can prevent and detect hackers before they have a chance to withdraw any funds.
The Binance Chain Family. We’re not the only ones supporting Binance Chain and the BEP2 standard
With some great projects already migrating to Chain like Mithril, Bolt, Red Pulse, etc., we’ve received increasing request from our community to be part of the Chain family.
But please, let’s be patient. We are all in this together. This first batch of companies either migrating to or launching their on Chain are making history. We are pushing the industry forward into increasing decentralization.
Other exchanges and wallets are also integrating Chain and will adopt the BEP2 standard. Bitmax, Trust Wallet, and tons more are in the pipeline. Chain is going be a force of nature.
For all the non-believers, just remember CZ plays 4D chess. is constantly building and progressing. will happen and you won’t even remember a time when DEX wasn’t your primary and goto option for 🙂
Want to talk to the founders of Raven Protocol or stay updated on the Token Launch?
Drop us an email: founders@ravenprotocol.com
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Published at Mon, 20 May 2019 03:05:43 +0000
